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Courtesy of Ray Mikus of Green Light Real Estate.

52-68 Northfield Street

Montpelier, VT 05602
  • $850,000
  • STATUS: Active
  • ON SITE: 125 Days
  • MLS #: 4868062
$850,000
  • 0
    BEDS
  • 3.39
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1900
County:
Area:

School Ratings & Info

Description

Nine good units, with plenty of parking in the heart of Montpelier. This multifamily package consists of three buildings and two building lots. 52 has four one-bedroom units. Both upstairs units have access to the full attic. Landlord pays heat for 52. Additional living space or bedrooms? The downstairs units have access to the basement for storage. 56 has a 4-bedroom and two 2-bedroom units. The 2-bedroom units were completely redone by Clar Construction in the past few years, including wood floors, new kitchens, bathrooms, heat pumps, everything. Please note that the current owner has structured such that one of the 2-bedrooms in 56 works as the "super" in exchange for rent and utilities. Tenants (except the super) pay heat and electricity for 56. 68 has two 3-bedroom units, each with access to the full attic and basement. Tenants pay heat and electricity in 68. These units are easy to rent. The property is, and usually is, fully rented. Many long term tenants, including some who have been there for 20 years or more. The buildings are in differing condition. A couple units in 52 could benefit from updating, but the rest are fine/very good. Rents have not been raised in a couple years, opportunity to increase rents throughout, even more so if rooms are added. Also included are two adjacent lots. More multis? Storage? Single family? Being offered as a package. Serious inquiries only. See attachments for financial details.

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© Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2021-10-26T00:05:31.32.
www.livingvermont.com/homes/118589689
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52-68 Northfield Street Montpelier, VT 05602

  • Price: $850,000
  • Status: Active
  • MLS #: 4868062
0
Beds
0
Baths
0
½ Baths
3.39
Acres
1900
Built
Neighborhood:
Montpelier
County:
Washington
Area:
Montpelier
Property Description
Nine good units, with plenty of parking in the heart of Montpelier. This multifamily package consists of three buildings and two building lots. 52 has four one-bedroom units. Both upstairs units have access to the full attic. Landlord pays heat for 52. Additional living space or bedrooms? The downstairs units have access to the basement for storage. 56 has a 4-bedroom and two 2-bedroom units. The 2-bedroom units were completely redone by Clar Construction in the past few years, including wood floors, new kitchens, bathrooms, heat pumps, everything. Please note that the current owner has structured such that one of the 2-bedrooms in 56 works as the "super" in exchange for rent and utilities. Tenants (except the super) pay heat and electricity for 56. 68 has two 3-bedroom units, each with access to the full attic and basement. Tenants pay heat and electricity in 68. These units are easy to rent. The property is, and usually is, fully rented. Many long term tenants, including some who have been there for 20 years or more. The buildings are in differing condition. A couple units in 52 could benefit from updating, but the rest are fine/very good. Rents have not been raised in a couple years, opportunity to increase rents throughout, even more so if rooms are added. Also included are two adjacent lots. More multis? Storage? Single family? Being offered as a package. Serious inquiries only. See attachments for financial details.
Exterior Features

Construction Wood Frame Exterior Wood Lot Description City Lot Parking Driveway Road Frontage Yes Road Frontage Length 200 Roof Shingle - Architectural

Interior Features

Basement Yes Basement Access Type Interior Basement Description FullStairs - InteriorUnfinished Foundation Poured ConcreteStone Heating BaseboardForced AirHeat Pump

Property Features

Electric Circuit Breaker(S) Gross Income 94752 Heat Fuel Oil Net Income 52594 Pre Construction No Sale Includes Land/Building Sewer Public Span Number 405-126-12335-36-37 Sub Property Type DevelopmentMulti-Family Tax Gross Amount 22998 Tax Year 2021 Taxes Tbd No Utilities CableInternet - Cable Water Public Zoning Nfld Street-North

Courtesy of Ray Mikus of Green Light Real Estate.


© Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2021-10-26T00:05:31.32.
 
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